Report Content
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 360º synopsis, 2021 - 2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
3.8.1 Growth drivers
3.8.1.1 Rising demand for energy efficiency
3.8.1.2 Expansion of electric vehicle (EV) market
3.8.1.3 Advancements in consumer electronics
3.8.1.4 Increased adoption in renewable energy systems
3.8.1.5 Technological advancements in 5G and telecom infrastructure
3.8.2 Industry pitfalls & challenges
3.8.2.1 High manufacturing costs
3.8.2.2 Limited Infrastructure and expertise
3.9 Growth potential analysis
3.10 Porter’s analysis
3.10.1 Supplier power
3.10.2 Buyer power
3.10.3 Threat of new entrants
3.10.4 Threat of substitutes
3.10.5 Industry rivalry
3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Device Type, 2021 - 2032 (USD million)
5.1 Key trends
5.2 Transistors
5.3 Diodes
5.4 Power ICs
Chapter 6 Market Estimates & Forecast, By Voltage Range, 2021 - 2032 (USD million)
6.1 Key trends
6.2 Low voltage (<200V)
6.3 Medium voltage (200V - 600V)
6.4 High voltage (>600V)
Chapter 7 Market Estimates & Forecast, By Application, 2021 - 2032 (USD million)
7.1 Key trends
7.2 Consumer electronics
7.3 Automotive
7.4 Industrial
7.5 Telecommunications
7.6 Aerospace and defense
7.7 Healthcare
Chapter 8 Market Estimates & Forecast, By Region, 2021 - 2032 (USD million)
8.1 Key trends
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 UK
8.3.2 Germany
8.3.3 France
8.3.4 Italy
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 South Korea
8.4.5 ANZ
8.4.6 Rest of Asia Pacific
8.5 Latin America
8.5.1 Brazil
8.5.2 Mexico
8.5.3 Rest of Latin America
8.6 MEA
8.6.1 UAE
8.6.2 South Africa
8.6.3 Saudi Arabia
8.6.4 Rest of MEA
Chapter 9 Company Profiles
9.1 Ampleon
9.2 Analog Devices, Inc.
9.3 Efficient Power Conversion Corporation (EPC)
9.4 GaN Systems Inc.
9.5 Infineon Technologies AG
9.6 Innoscience Technology
9.7 IXYS Corporation
9.8 Microchip Technology Inc.
9.9 Mitsubishi Electric Corporation
9.10 Navitas Semiconductor
9.11 Panasonic Corporation
9.12 Qorvo, Inc.
9.13 Rohm Semiconductor
9.14 STMicroelectronics N.V.
9.15 Sumitomo Electric Device Innovations, Inc.
9.16 Sumitomo Electric Industries, Ltd.
9.17 Texas Instruments Incorporated
9.18 Toshiba Corporation
9.19 Transphorm Inc.
Power GaN Devices Market Size
Power GaN Devices Market was valued at USD 342.9 million in 2023 and is anticipated to grow at a CAGR of over 35% between 2024 & 2032. The global emphasis on sustainability and reducing carbon footprints has significantly increased the demand for energy-efficient solutions across various industries.
Power GaN devices are becoming essential in high-efficiency applications, including data centers, renewable energy systems, and electric vehicles (EVs). These devices offer lower conduction and switching losses, enabling higher operating frequencies and improved power densities. This efficiency not only reduces energy consumption but also minimizes cooling requirements, further enhancing overall system efficiency, which is increasingly sought after in global energy conservation initiatives.
The electric vehicle market is witnessing rapid growth as countries worldwide push for greener transportation alternatives. Power GaN devices play a pivotal role in enhancing the performance of EV powertrains, on-board chargers, and charging stations. Their compact size and higher efficiency allow for lighter and more efficient power conversion systems, which are crucial for extending EV range and reducing charging times. The shift towards electrification in the automotive industry drives the demand for GaN devices, which are key to achieving the necessary efficiency and performance in EV applications. For instance, in June 2023 EE Times Europe reported on the increasing investments in compound semiconductors like GaN, driven by the electrification of vehicles. The article noted that while GaN is currently more suitable for applications below 600V, its potential is significant in various automotive systems, including 48V power systems, which are becoming more common in modern vehicles.
The consumer electronics industry demands increasingly efficient and compact power solutions as devices become more sophisticated and portable. Power GaN technology enables higher power density and efficiency in electronic devices, leading to smaller, lighter, and more powerful chargers and adapters. This technology addresses the need for rapid charging and efficient power management in smartphones, laptops, gaming devices, and other portable electronics. As consumer expectations for longer battery life and faster charging times grow, the adoption of GaN devices in this sector is expected to accelerate.
The manufacturing of GaN (Gallium Nitride) devices presents significant challenges due to the complex and costly processes involved. Substrate preparation, particularly for high-quality GaN wafers, and epitaxial growth are intricate, requiring specialized equipment and materials that drive up costs. Unlike silicon, which benefits from decades of optimization and economies of scale, GaN technology is relatively nascent, making it more expensive. These high production costs limit GaN's adoption, especially in cost-sensitive applications, where silicon-based alternatives dominate. Reducing these costs is crucial for GaN to compete effectively in broader markets.
Semiconductor IP Market
RF Component Market
Semiconductor Laser Market
Laser Diode Market